The balance between buyers and sellers in our local housing market


The balance between buyers and sellers in our local housing market
By Scott Rogers • April 9, 2015
(this one deserves a larger image, click here to view it) Q: Have we reached a balance between buyers and sellers in our local housing market? A: We're not quite there, but we are a lot closer than we have been anytime in the past six years! Here's the methodology behind the chart above.... Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers). The "BUYERS" trend line above is illustrating how many buyers are buying in a six month period - though I have normalized this trend line for market seasonality by looking at it over a twelve month period. Thus, every data point is the sum of the previous twelve months of sales, divided by two. The "SELLERS" trend line above is illustrating how many sellers are in the market (active listings) at any given time - though I have normalized this trend line for market seasonality by averaging the previous 12 months of inventory levels to arrive at each data point. As you can see, our market had an extreme imbalance several years ago -- with many more sellers in the market than were needed based on the number of buyers in the market. Over the past four years, most particularly, we have been seeing a steady increase in buyers in the market as well as a steady decrease in sellers in the market. Read more about the local housing market in my most recent monthly housing market report.... Jump to the full online market report, or download the PDF. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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